CapMan Buyout to divest Oral Hammaslääkärit to

CapMan Buyout press release     6 October 2017 at 11.00 a.m. EEST

CapMan Buyout to divest Oral Hammaslääkärit to Colosseum Dental Group

A group of investors led by CapMan Buyout, including f unds managed by CapMan Buyout, are pleased to announce to have reached an agreement to divest Oral Hammaslääkärit Plc ("Oral") to Colosseum Dental Group ("Colosseum"), a Swiss-based dentistry group. Financial terms of the transaction have not been disclosed.

Oral is the leading Finnish private dentistry chain with 63 clinics and sales close to EUR 100 million. During CapMan's ownership, Oral's revenue has increased by 15 per cent annually while EBITDA has increased by a compound annual growth rate of 19 per cent. Funds managed by CapMan acquired Oral in 2014.

Together with Oral, Colosseum is expected to have sales of around EUR 350 million and will operate more than 200 clinics in Finland, Norway, Sweden, the UK, Switzerland, Italy and Denmark, further pursuing its journey to build a leading pan-European dentistry group.

"We are very pleased with the development of Oral and the return of our investment. During our ownership, Oral has significantly expanded and completed several developments projects, especially within the digitalisation of its operations. Today, Oral is one of the most developed private dental care companies in Europe. Oral will in my mind fit very well into Colosseum Dental Group, who will continue to support the company in its future development and further build on the strengths of the business and its ongoing initiatives. It has been an honour to be part of Oral's development, and I would like to offer my sincere thanks to the company's management, the dental care professionals and all its employees," says Jan Mattlin, Partner at CapMan Buyout and responsible for the investment in Oral.

"We are delighted to become part of the Colosseum Dental Group. The company has a long-term mandate to build a strong European dentistry platform. This allows us here in Finland to continue building a great local business with high quality offering for both patients and dentists. We will continue to improve oral health in Finland as we have done for the past 35 years. Oral's strong brand will prevail in Finland and our employees and dentists will have even more opportunities to develop their know-how in the future through the opening-up of opportunities for international exchange. We see the acquisition as a very positive opportunity for our service development in the years to come", says Martin Forss, CEO of Oral.  

"With Oral we both reach a group of highly competent new colleagues, as well as gain access to forefront know-how around how to run many of our processes in a more advanced manner that we can leverage across other geographies. Our vision of modern, high quality dentistry for the benefit of patients, dentists and employees fits well with what management wants to accomplish. We are certain that the increased scale of the new company will be for the benefit of all stakeholders," says Tomas Aubell, CEO of Colosseum.  

Colosseum will continue to support management with its development of the company and Martin Forss and his team have agreed to continue to run Oral also after the transaction. The transaction is expected to close in November 2017.

For more information, please contact:  Jan Mattlin, Partner, CapMan Buyout jan.mattlin@capman.com +358 40 508 6406

Tomas Aubell, Chief Executive Officer, Colosseum Dental Group  tomas.aubell@colosseumdental.com   +41 79 519 55 02

Martin Forss, Chief Executive Officer, Oral Hammaslääkärit Plc martin.forss@oral.fi +358 40 779 6266

About CapMan CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over more than 25 years. CapMan has today 110 private equity professionals and manages €2.3 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.  www.capman.com   twitter.com/CapManPE  

About Colosseum Dental Group   Colosseum Dental Group, a company fully owned by Jacobs Holding AG, has the ambition to become the leading European provider for dentistry services. With the acquisition of Oral, Colosseum now operates more than 200 clinics with 900 dentists across Finland, Norway, Sweden, the UK, Switzerland, Italy and Denmark with run-rate sales of approximately EUR 350 million. The group wants to provide modern, quality dentistry services for the benefit of patients, dentists, employees and shareholders alike, striving for continuous growth and excellence.  www.colosseumdental.com

About Oral Hammaslääkärit Plc  The Finnish Oral Hammaslääkärit Plc is a service company offering oral health care, with more than 1,300 professionals providing services throughout Finland. In 2016, the company's revenue amounted to EUR 81.4 million. Oral provides dental health services at over 60 dental clinics in various locations in Finland. The dental laboratory Oral Hammaslaboratorio Oy is part of the Group.  www.oral.fi